Short term fixed rates hotting up

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buffman
buffman Posts: 436 Forumite
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edited 11 November 2015 at 4:27PM in Savings & investments
What with Metro Bank launching last week:

1 Year bond paying 2.10%
18 Month bond paying 2.40%
3 Year bond paying 2.70%

And now Shawbrook today:

1 Year bond paying 2.15%
18 Month bond paying 2.35%
2 Year bond paying 2.45%

Things are now beginning to slightly look up for savers.

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  • jimjames
    jimjames Posts: 17,619 Forumite
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    They're all still less than most current accounts though, I'm getting 5% with instant access
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Ifts
    Ifts Posts: 1,951 Forumite
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    edited 11 November 2015 at 10:59PM
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    You can open the Metro Bank offerings online now - used to have to go in to one of their stores before.
    Never let the perfume of the premium overpower the odour of the risk
  • ColdIron
    ColdIron Posts: 9,051 Forumite
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    Ifts wrote: »
    used to have to go in to one of their branches before.
    It's Stores :)
  • redmalc
    redmalc Posts: 1,433 Forumite
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    Do I still have to fill in the R85 form to advise my wife is a non tax payer.
  • Ifts
    Ifts Posts: 1,951 Forumite
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    redmalc wrote: »
    Do I still have to fill in the R85 form to advise my wife is a non tax payer.

    Yes, currently the banks are still asking you if you are entitled to interest without paying tax when applying for accounts - and to fill in the R85 form if you are.
    Never let the perfume of the premium overpower the odour of the risk
  • Lansdowne
    Lansdowne Posts: 570 Forumite
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    I just went to the local Metro Bank branch-sorry-store, to ask about the fixed rate accounts and those rates are no longer available. For example 18 months is now 2.05% not 2.3% or whatever it was.
  • ColdIron
    ColdIron Posts: 9,051 Forumite
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    Yup that's what it says on the website now, didn't last long
    Interest Rates for accounts opened from 13th November 2015:
  • G_M
    G_M Posts: 51,977 Forumite
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    redmalc wrote: »
    Do I still have to fill in the R85 form to advise my wife is a non tax payer.
    No, it's entirely optional.
  • bristolleedsfan
    bristolleedsfan Posts: 12,091 Forumite
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    G_M wrote: »
    No, it's entirely optional.

    Some financial institutions e.g Metro Bank, Tesco Bank, CO-OP Bank, Most Building Societies do require a paper R85 to be completed, others like Nationwide, TSB, Lloyds Bank, RCI Bank, Santander have paperless registration system
  • joe134
    joe134 Posts: 3,336 Forumite
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    bristolleedsfan wrote: »
    Some financial institutions e.g Metro Bank, Tesco Bank, CO-OP Bank, Most Building Societies do require a paper R85 to be completed, others like Nationwide, TSB, Lloyds Bank, RCI Bank, Santander have paperless registration system
    There's no need for R85 if the interest is payed out annually, and after next April.
    Monthly interest now,until April, then Yes.
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